Webwork - 6:05 pm on Feb 9, 2011 (gmt 0) [edited by: Webwork at 3:42 pm (utc) on Feb 10, 2011]
^What he/she(?) said^.
The reason/excuse registrars use for the "hold" is that credit card charges can be reversed for up to ~60 days.
Maybe the central registry doesn't like to deal with post-transfer reversals?
If anyone actually running a registrar knows exactly how this works I'd appreciate the insight.
[edited by: Webwork at 3:42 pm (utc) on Feb 10, 2011]